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Federal 30-year interest rate: 6.66% last updated on 2026-08-27

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Sold
366 Broadway Somerville MA 02145366 Broadway Somerville MA 02145366 Broadway Somerville MA 02145366 Broadway Somerville MA 02145366 Broadway Somerville MA 02145366 Broadway Somerville MA 02145366 Broadway Somerville MA 02145366 Broadway Somerville MA 02145366 Broadway Somerville MA 02145366 Broadway Somerville MA 02145366 Broadway Somerville MA 02145366 Broadway Somerville MA 02145366 Broadway Somerville MA 02145366 Broadway Somerville MA 02145366 Broadway Somerville MA 02145366 Broadway Somerville MA 02145366 Broadway Somerville MA 02145366 Broadway Somerville MA 02145366 Broadway Somerville MA 02145366 Broadway Somerville MA 02145366 Broadway Somerville MA 02145366 Broadway Somerville MA 02145366 Broadway Somerville MA 02145366 Broadway Somerville MA 02145366 Broadway Somerville MA 02145366 Broadway Somerville MA 02145366 Broadway Somerville MA 02145366 Broadway Somerville MA 02145366 Broadway Somerville MA 02145366 Broadway Somerville MA 02145
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  • 3Bathrooms
Somerville Winter Hill Rare Offering of a by right 35 unit residential development project. Currently used as a medical offices by FOUR tenants and has potential to be divided into EIGHT units. Located in a neighborhood business district please see new zoning for MR4 zone for possibility of developing into 35 residential units The property has potential for a variety of uses. Tenants and their clients enter directly off Broadway through a nicely tended landscape and foyer, and have direct access out the rear door to a large parking lot located directly behind the building. One of the units is currently vacant and was recently occupied by a large, successful dental practice that is relocating late this year. Buyer must do own due diligence. Seller makes no representations but believes that a 35 unit residential Development can be built at this site. Please do your own due diligence on the Development prospect of this amazing property. Please see analysis attached here.
Listed by David Lilley of RE/MAX Destiny

Listing Sold by RE/MAX Destiny

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More Info

Basic Information

  • Gross Income $134,353
  • Mls StatusSold
  • Parcel Number M:48 B:C L:2,754686

Building

  • Building Area Units Square Feet
  • Utilities Public Water
  • Year Built1970

Property

  • Acreage0.31

Property Information

  • Lot Size Square Feet 13,495
  • Lot Size Units Acres

Tax Information

  • Tax Year 2021
  • Taxes$25,581

Basic Information

  • GO-List Price$4,500,000
  • MLS Number72829223
  • Modification Date08/04/2022
  • Purchase Contract Date06/15/2021
  • Sale Date01/04/2022
  • Sale Price$3,600,000

Parking

  • Parking Spaces18

Rooms

  • Bathroom3

Location

  • Address366 Broadway
  • Building Number366
  • CountyMiddlesex
  • NeighborhoodWinter Hill
  • StateMA
  • StreetBroadway
  • SubdivisionWinter Hill
  • TownSomerville
  • Zip02145

Other

  • Buyer Agency Compensation2
  • Date Listed05/11/2021
  • Farm Land Area Units Square Feet

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

I agree to receive marketing and customer service calls and text messages from Levi Test Cloner2. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Privacy Policy.

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